Press Releases

Topgolf Closes on Deal for New Venue in Charlotte

The global golf entertainment company plans to break ground within next two months

CHARLOTTE, N.C. – May 2, 2016 – Global
golf entertainment leader Topgolf® today officially unveiled Charlotte as
its first location planned in North Carolina. In the coming weeks, Topgolf will
begin construction on the 65,000-square-foot venue; the location is expected to
open to the public early 2017.

“The location we’ve selected
is in close proximity to the airport and all of the surrounding hotels and
offices,” said Topgolf Vice President of Real Estate Development Zach Shor,
referencing the 14 acres purchased at the southeast quadrant of I-485 and
Arrowood Road. “It is the perfect spot for a Topgolf venue, and we are so
excited to offer Charlotte residents and visitors another destination for
entertainment.”

Topgolf is the only
entertainment center of its kind, offering competitive golfing games for all
ages and skill levels and advanced technology to track players’ shots. Those
who just want to relax can enjoy the upscale, laid-back ambiance that boasts
more than 230 high-definition flat-screen TVs and an extensive food and
beverage menu.

Shor continued, “As
one of the largest regions in the southeast and one of the fastest-growing cities
in the U.S., Charlotte has been on Topgolf’s radar for quite some time. Charlotte
offers a strong business community, a large fan base of golfers, thriving
residents and a mild climate that is ideal to enjoy Topgolf year-round.”

The new three-level venue
will include up to 3,000 square feet of private event space and 102
climate-controlled hitting bays that can host up to six players at one time.
Shor estimates that Topgolf Charlotte will serve approximately 450,000 visitors
in its first year of operation. Nearly half of all Topgolf guests describe
themselves as “non-golfers.”

“I have personally visited Topgolf in
Alpharetta, Georgia, and I can’t tell you how excited I am that Topgolf is
finally coming to Charlotte,” said City Councilman and Chair of the Charlotte
Economic Development Committee James Mitchell. “I am happy that we have a great
option for private citizens to learn the game while having recreational fun.
The corporate community will also be able to take advantage of the fantastic
event potential with Topgolf’s corporate events team. It is all around a
win-win for the city.”

Topgolf’s economic
impact in its local communities is remarkable, creating 450 full- and part-time
jobs at each location and serving as an anchor tenant that tends to attract
other popular franchises to the area. In fact, its economic output in Charlotte
alone is expected to exceed $264.5 million over a 10-year-period, according to
a third-party audit.

About TopgolfTopgolf is a global
sports entertainment community creating the best times of your life, with 24
locations serving 8 million guests annually. Players hit golf balls containing computer
microchips that track each shot’s accuracy and distance while awarding points
for hitting targets on the outfield. Each venue offers an upscale and playful
experience, featuring an impressive food and beverage menu, music, games,
climate-controlled hitting bays and hundreds of HDTVs. Topgolf also brings fun,
interactive experiences to the community through its Topgolf U lessons,
leagues, tournaments, KidZone parties and social and corporate events. To learn
more about Topgolf, follow @Topgolf or visit www.topgolf.com.